Uganda's economic growth since the late 1980s has resulted largely from restoring and rehabilitating the country's productive capacity. Going forward, growth will need to come increasingly from new investments or new activities. That will require more investment, more intensive acquisition of...

The world has increasingly recognized that private capital has a vital role to play in economic development. African countries have moved to liberalize the investment environment, yet have not received much FDI. At least part of this poor performance is because of lingering skepticism toward...